Bernhard Capital Partners Raises $750M for Inaugural Energy Services Fund

Jun 8 2016 | 10:50pm ET

Energy services investor Bernhard Capital Partners Management has closed its debut private equity fund with more than $750 million in capital commitments.

The new fund, named BCP Energy Services Fund LP, was launched in 2014 and has attracted interest from pension funds, university endowments, family offices, strategic corporate investors, and industry executives, according to a statement. BCP professionals also participated in the fund. Atlantic‐Pacific Capital served as exclusive global placement agent and Kirkland & Ellis as legal counsel, the company said.

BCP Energy Services Fund will focus on energy services verticals, including midstream, downstream and power, in the North American oil and gas market. The fund and its portfolio companies have made 14 proprietary acquisitions across its four established platforms, including three carve-outs from public companies, BCP noted. 

"We are pleased to have successfully closed our first private equity fund and greatly appreciate the confidence and overwhelming support of our investors," said Jim Bernhard, partner of BCP. "Our strategy is to invest in North American service companies across the midstream, downstream and power verticals, and we are well-positioned to capitalize on the many oil and gas investment opportunities we see on the horizon. "

Headquartered in Baton Rouge, LA, BCP was founded in 2013 by former Shaw Group executives led by Bernhard, who was CEO, after its sale that year to Chicago Bridge & Iron Company for $3 billion.

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